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Nazareth National Bank and Trust Company

Nazareth, PA · Cert 7645

FDIC

Q3 2003

$660.3MAssets
$278.2MLoans
$528.2MDeposits
$42.9MEquity
Loan mix
87%RE $117.9M12%C&I $16.0M1%Consumer $1.6MQ3 2002Q3 2003
Deposit mix
85%Interest-bearing $450.1M15%Noninterest $78.1MQ3 2002Q3 2003

NIM

6.61%Q3 ’015.80%Q3 ’024.47%Q3 ’03+2%-22%

Non-interest income vs. expense

3.54%Q3 ’013.40%Q3 ’022.38%Q3 ’03-10%-25%

Executive Summary

  • Earnings: ROA of 0.76%, down 17 bps year over year; NIM at 2.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.27%.
  • Funding: loans stand at 52.67% of deposits as of Q3 2003.

Financial Results

Return on Assets (quarter, annualized)

0.76%-17 bps YoY

Net Interest Margin (quarter, annualized)

2.78%-78 bps YoY

Efficiency Ratio (quarter, annualized)

68.87%-382 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets0.93%0.87%0.69%10.67%0.76%-17 bps
Return on Equity12.72%11.17%9.39%9.30%11.21%-151 bps
Net Interest Margin3.56%3.11%3.07%2.94%2.78%-78 bps
Efficiency Ratio72.68%72.19%77.72%77.20%68.87%-382 bps
Non-Interest Burden2.28%1.97%2.61%2.22%1.71%-58 bps
Growth
Asset Growth (YoY)18.75%31.33%26.96%22.06%20.49%+174 bps
Loan Growth (YoY)11.53%12.00%7.58%7.65%10.68%-84 bps
Deposit Growth (YoY)20.06%25.54%22.18%18.14%17.36%-270 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.16%0.22%0.27%0.39%0.27%+11 bps
Allowance / Loans1.16%1.20%1.23%1.20%1.22%+6 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital16.37%15.63%15.60%14.77%14.44%-193 bps
Equity / Assets8.18%7.42%7.23%7.08%6.50%-168 bps
Liquidity & Funding
Loans / Deposits55.85%53.77%51.81%52.39%52.67%-318 bps
Liquid Assets / Assets5.93%5.81%12.98%12.72%12.25%+633 bps
CRE / Total Capitaln/an/an/an/an/an/an/a